Here’s a look at receiving banks for Retal IPO

05/06/2022 Argaam Special

 

Retail investors will start today, June 5, subscription to 1.2 million shares of Retal Urban Development Co. at SAR 120 a share.

 

The price was determined through the book-building process.

 

Retal announced earlier its plans to sell 12 million shares, or 30% of its 40 million share capital, in an initial public offering (IPO).

 

The list of the receiving banks for the IPO includes Saudi National Bank (SNB), Riyad Bank and Bank Albilad.

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